Question
Exponential Smoothing Canon has experienced irregular and growing demand for your new Canon 90D camera model. The previous projection method is based on a Simple
Exponential Smoothing
Canon has experienced irregular and growing demand for your new Canon 90D camera model. The previous projection method is based on a Simple Moving Average of four (4) periods of the year
Current.
1.Calculate the demand projection for the month of November using
Exponential Smoothing as a method. Use an alpha or coefficient of .6.
Month Demand
January 200
February 250
March 300
April 325
May 375
June 400
July 500
August 450
September 500
October 650
B. Mean Absolute Deviation
The actual demand for the Canon 90D camera model, for the months of November and December was 675 and 650 cameras. Calculate the forecast error using MAD
C. Bias
Canon wants to assess whether its projection for the months of November and December is underestimated or overestimated. Calculate the forecast error and the direction of the forecast
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Horngrens Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
10th Edition
0133117561, 978-0133117561
